Running and securing an empire can get expensive–especially one known for its opulence, like the Mughal Empire, which conquered much of northern India before rapidly declining in the eighteenth century.

But how did the Mughals get their money? Often, it was through wealthy merchants, like the Jhaveri family, who willingly—and then not-so-willingly–funded the empire’s activities.

Dr. Sudev Sheth writes about this relationship in Bankrolling Empire: Family Fortunes and Political Transformation in Mughal India (Cambridge University Press, 2023).

Dr. Sheth is Senior Lecturer in History at the Joseph H. Lauder Institute of Management & International Studies and in the Department of History at the University of Pennsylvania where he teaches across the School of Arts & Sciences and the Wharton School. His writings have appeared in top academic journals and popular outlets, including The Conversation, Economic & Political Weekly, Mint, Knowledge at Wharton, and Harvard Business Publishing.

P.S. The Jhaveri family eventually founded the Arvind Group, a major India-based textiles company. Read Sudev’s interview with the MD here!

You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Bankrolling Empire. Follow on Twitter at @BookReviewsAsia.

Nicholas Gordon is an editor for a global magazine, and a reviewer for the Asian Review of Books. He can be found on Twitter at @nickrigordon.

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